Eurasian Economic Union (EAEU) unifies transport market

Jul 04, 2017 09:21 AMS-GE Newsroom

The Eurasian Economic Union is working on a common market for transport services. To this end, the member countries Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia are working on developing road maps for air, road, rail and water transport by the end of 2017.

EAWU is working on a common transport market.

The EAEU's "Strategy for Transport Policy" forms the basis for the creation of a unified transport zone and a common market for transport services. The presidents of the EAEU countries agreed on the principles at a summit in December 2016.

Unimpeded transport in 2025

The guidelines for the agreed-upon transport policy are being implemented by a working group which began its work in March of 2017. The road map for air transport will be available by July; the road maps for roads, rail and water transport will be complete by late 2017. These road maps define concrete measures based on suggestions made by the EAEU countries. The target is the elimination of all impediments and limitations to transport in the EAEU by 2025. A uniform electronic transport control system at the EAEU's external borders will be put into operation this year.

The EAEU is focusing on digital technologies for the adoption of its common market – both for vehicle inspections and custom clearance. "Swiss companies also use Kazakhstan as a hub for Central Asia and can benefit from the unified transport market, as it will greatly simplify logistics. A unified system allows for the fast and transparent handling of shipments between countries."